UK Unemployment Rate Rises To 4.4%; Wage Growth Up 2.5%

22/02/2018

The headline rate rose by 0.1 percentage points to 4.4 per cent, up from 4.3 per cent, according to the Office for National Statistics (ONS), although unemployment has actually been rising over the past three months if measured to a higher degree of precision.

Other figures revealed that the number of non-UK nationals from outside the European Union working in this country fell by 68,000 to 1.17 million in the quarter to last December compared with the previous year.

The 0.1% increase didn't halt the total number of people in employment, however, with the figure rising to 88,000. "This change is within the LFS error margin".

Unemployment has risen in the East of England.

The Bank of England is anticipating a pick-up in wage growth soon - a key reason why it recently signalled that interest rates were likely to rise faster and to a greater extent than previously thought. "These figures simply look at the number of people in work and aren't a measure of migration".

Other figures revealed that average earnings increased by 2.5 per cent in the year to December, unchanged from the previous month.

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